Latest information from the U.S. Division of Commerce reveals that ecommerce continues to outpace conventional retail progress. Within the third quarter of 2024, whole home retail gross sales reached $1.85 trillion, a modest 1.3% improve from Q2. On-line procuring confirmed stronger momentum, with ecommerce gross sales climbing to $300.1 billion, a extra strong progress charge of two.6% over the prior quarter.
In keeping with the DoC, ecommerce sales are for “items and companies the place the customer locations an order (or the worth and phrases of the sale are negotiated) over an Web, cellular system, extranet, digital information interchange community, electronic message, or different comparable on-line system. Cost could or will not be made on-line.”
Ecommerce accounted for 16.2% of whole U.S. retail gross sales in Q3 2024, up barely from 16.0% within the prior quarter.
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The DoC stories U.S. ecommerce retail sales in Q3 2024 grew by 7.4% in comparison with Q3 2023, whereas whole quarterly retail gross sales skilled a 2.1% annual rise over the identical interval final yr.
